03-05-2023
Neste moves forward in its renewable hydrogen project at its Porvoo refinery
In accordance with its ambition to reach carbon neutral production by 2035, Neste is working on a 120 MW electrolyzer project to produce renewable (i.e. green) hydrogen at its Porvoo refinery in Finland. The company has now decided to proceed to the basic engineering phase with the project. The investment decision readiness is expected to be reached in early 2024. If an investment decision is made, green hydrogen production could start in 2026.
“Our project is one of the largest development projects to produce green hydrogen in the European refineries and it supports our goal to transform the Porvoo refinery to the most sustainable refinery in Europe by 2030. The green hydrogen would be primarily used in our Porvoo refinery’s processes, where it would replace hydrogen produced from fossil feedstocks,” says Markku Korvenranta, Executive Vice President in Neste’s Oil Products.
Production of green hydrogen also generates renewable heat. In connection with the 120 MW green hydrogen project, Neste has started a preliminary study with Porvoon Energia on the utilization of renewable heat in district heating. Porvoon Energia is a regional Finnish energy company focusing on heat and electricity production and distribution as well as development of the electricity network.
Hydrogen projects at Neste’s Porvoo refinery contribute considerably to the EU green hydrogen value chain. In July 2022, Neste became the first Finnish company to receive IPCEI (Important Project of Common European Interest) status from the European Commission for its hydrogen projects. In December 2022, Business Finland awarded Neste EUR 27.7 million of public funding for its renewable hydrogen projects at the Porvoo refinery.
News Category:
-
ORLEN partner with Yokogawa to develop cutting-edge technology for SAF production
ORLEN and Yokogawa Europe, the regional headquarters for Japan’s Yokogawa Electric Corporation, announce they have joined forces to initiate industrial-scale production ...
22-09-2023
-
Port Arthur LNG Phase 2 receives federal energy regulatory commission authorization
Sempra Infrastructure, a subsidiary of Sempra, today announced that the Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port ...
21-09-2023
-
Svanehøj revamps safety instrumentation at Fos Cavaou and Konkan LNG
In the fast-paced world of LNG, maintaining infrastructure integrity is vital for operational efficiency and safety. Recognizing the need to modernize outdated safety ...
20-09-2023
-
Emerson’s new engineering software accelerates plant modernization using AI
Global technology and software leader Emerson is helping customers more quickly and efficiently transition legacy technology to modern DeltaV™ automation architecture ...
20-09-2023
-
ExxonMobil expands chemical production at Baytown
ExxonMobil today announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s ...
19-09-2023
-
New valve stem packing design from IMI CCI makes reducing fugitive emissions EEEasy-Seal™
With valves accounting for up to 70% of fugitive emissions (FE) from plants and refineries, tackling leakage is among the biggest obstacles to US industry achieving net ...
19-09-2023
-
Simple, flexible, accurate valve adjustment with bar-agturn®
The squaring of the circle does not have to be limited to the opening angle of 90° for shut-off valves, but other rotating angles can be individually set. The bar-agturn ...
15-09-2023
-
Air Liquide aggrement for the long-term supply of green and low carbon hydrogen to TotalEnergies
TotalEnergies and Air Liquide have signed an agreement for the long-term supply of green and low carbon hydrogen to the TotalEnergies refining and petrochemical platform ...
14-09-2023
-
ConocoPhillips to further diversify Global LNG Portfolio
ConocoPhillips announced today further progress on its global liquefied natural gas strategy, signing a commercial agreement to secure additional regasification capacity ...
14-09-2023
-
TotalEnergies launches call for tenders for the supply of Green Hydrogen
As part of the drive to decarbonize its European refineries, TotalEnergies is launching a call for tenders for the supply of 500,000 tons per year of green hydrogen. ...
14-09-2023